Lux Industries announces 5-for-1 stock split

Innerwear manufacturer, Lux Industries has announced a stock split of the face value of Rs. 10 each into Rs. 2 each per equity share in a 5-for-1 stock split, in compliance with applicable provisions of the Companies Act, and other applicable provisions. According to the company's chairman Ashok Kumar Todi, the stock split, effective June 6 this year, will reduce per unit price and increase deliverable quantity, thereby enhancing buying capacity coupled with liquidity. It will also strengthen share price and increase volumes, both in number as well as value. However, this will not affect the rights of the shareholders or the taxability. "This year we have witnessed a turnover of Rs. 940.86 crore which ensured a top line growth by 3.51 per cent. With this stock split we are looking at a renewed investor sentiment and achieve greater liquidity for the stock. We believe this is the right time to give more investors that opportunity to be a part of the success story", he said.Upon the comp
Innerwear manufacturer, Lux Industries has announced a stock split of the face value of Rs. 10 each into Rs. 2 each per equity share in a 5-for-1 stock split, in compliance with applicable provisions of the Companies Act, and other applicable provisions. According to the company's chairman Ashok Kumar Todi, the stock split, effective June 6 this year, will reduce per unit price and increase deliverable quantity, thereby enhancing buying capacity coupled with liquidity. It will also strengthen share price and increase volumes, both in number as well as value. However, this will not affect the rights of the shareholders or the taxability. This year we have witnessed a turnover of Rs. 940.86 crore which ensured a top line growth by 3.51 per cent. With this stock split we are looking at a renewed investor sentiment and achieve greater liquidity for the stock. We believe this is the right time to give more investors that opportunity to be a part of the success story, he said.Upon the comp

Unilever - Wikipedia

Share Market Highlights 22 September 2023: Sensex, Nifty extend losses into 4th session; HDFC shares weigh - The Hindu BusinessLine

Lux Cozi Ropes in Sourav Ganguly as Brand Ambassador - Indian Retailer

The Peebles Corporation Partners With Industry-Leading sbe To Debut SLS Lux Hotel & Residences, Washington D.C.'s First Ever SLS Property

Multibagger stock to split in 1:5 ratio. Stock split record date today

Lovell Minnick Partners Appoints Marshall Lux and Robert Orefice to Advisory Council

Food & Beverage Magazine - December Issue 2023 Celebrity Cover by Food & Beverage Magazine - Issuu

Over 50 companies split shares in FY17; Will MRF or Eicher follow suit in FY18? - The Economic Times

Top 10: Sustainability Strategies of the World's Leading Luxury Fashion Labels